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Articles 1 - 8 of 8
Full-Text Articles in Social and Behavioral Sciences
Iii Ventures With A Finite Sequence Of Payments Of Uncertain Duration, Lester G. Telser
Iii Ventures With A Finite Sequence Of Payments Of Uncertain Duration, Lester G. Telser
Lester G Telser
Part III describes a model of the valuation of ownership shares in joint ventures with limited liability such as corporations.
Ii Distribution Of Share Valuations, Lester G. Telser
Ii Distribution Of Share Valuations, Lester G. Telser
Lester G Telser
A model of the market in shares of common stock enhances understanding of the empirical results in Part I
Iii. Computing The Saddle Value For Von Neumann's Model Of An Expanding Economy With Constant Returns, Lester G. Telser
Iii. Computing The Saddle Value For Von Neumann's Model Of An Expanding Economy With Constant Returns, Lester G. Telser
Lester G Telser
Iterations of suitable linear programming problems can rapidly find the saddle value of the input output matrix although the problem is hard owing to its nonlinearity. The growth rate and real interest rate are equal in equilibrium in v. Neumann's model.
I Why The New York Stock Exchange Crashed In 1929 And 1987 And Why It Could Crash Again, Lester G. Telser
I Why The New York Stock Exchange Crashed In 1929 And 1987 And Why It Could Crash Again, Lester G. Telser
Lester G Telser
Between January 2, 1929 and December 31, 1988 the Dow-Jones Index of 30 Industrial moved up or down more than 2 percent on 958 trading sessions out of the 16,084 total. Twice in October, 1929 and in October 1987 the drop was more than 23 percent. An unmistakable striking similarity in the trading pattern before both Crashes explain why they occurred.
Tools Of The Fed:Playing With Fire?, Lester G. Telser
Tools Of The Fed:Playing With Fire?, Lester G. Telser
Lester G Telser
How the Fed controls the Federal Funds Rate
What Makes Government Grow, Lester G. Telser
What Makes Government Grow, Lester G. Telser
Lester G Telser
For more than 80 years government outlays at all levels in the U.S. are an increasing fraction of measured GDP. No problem than this is more deserving of close scrutiny by economists. Treading on its heels what should and should not government do. Even so opposing forces were in play. Some activities went from governmental to private hands and some went the other way. We have work to do.
Can Monetary Policy Stabilize The Economy, Lester G. Telser
Can Monetary Policy Stabilize The Economy, Lester G. Telser
Lester G Telser
. No individual bank can expand without cost when most banks are contracting. Likewise no bank can contract without cost when most banks are expanding. The cause lies in the nature of clearing debts and credits among banks. The result places a heavy burden on the Fed that wants to stabilize the economy by inducing banks to reverse course. To understand the reason for this requires analysis of clearing houses in organized futures markets and in banking.
Are Speculators Foolish In Keynes' Greater Fool Model, Lester G. Telser
Are Speculators Foolish In Keynes' Greater Fool Model, Lester G. Telser
Lester G Telser
Keynes' Model of speculation in his General Theory 1936 describes a speculator who buys an object at a price he believes is too high because he hopes to find a greater fool who will buy it from him at an even higher price. This need not be foolish as Keynes shows in words and I show herein with algebra.